Objective: The aim of this paper is to propose a new approach to assess the aggregated impact of risks on the completion cost of a construction project. Such an aggregated impact includes the main impacts of risks as well as the impacts of interactions caused by dependencies among them. Methods: In this study, Monte Carlo simulation and Bayesian Networks methods are combined to present a frame...

Project portfolio selection is very important subject of decision-makers in project-based organizations. The best assignment of resources to the most appropriate projects is necessary as financing projects with low benefit is just waste of organization's resources. However, existing project selection models pay not much attention the structure and special features of projects as a selection cri...

Very high speed rail may be a competitive mode of transportation for California's future. This article presents an evaluation of the economic and comprehensive benefits and costs associated with such an endeavor. The results indicate competitive comprehensive rates of return and a potential for project self-financing, suggesting that such a project merits serious consideration by the State.

University funding consists of high General University Funds (GUF) and a few sources of traceable project funding – for example, the Austrian Science Fund. The GUF structure tends to resist structural change, although reforms are now under way. The level of university autonomy is increasing and there has been a parallel shift towards more project-oriented and quality-controlled forms of financing.